Tesla still holds $218M worth of Bitcoin, according to Q3 filings
Join Our Telegram channel to stay up to date on breaking news coverage Tesla did not sell any Bitcoin during the second quarter of 2022. This is according to the financial documents released by the electric car manufacturer as it prepares to release its third-quarter investor relations call. Tesla holds $218M worth of Bitcoin Elon Musk’s Tesla released a report to the public on Wednesday. The report revealed that the company still holds $218 million worth of Bitcoin. The latest report proves that the company did not sell any Bitcoin during the third quarter. In July, Tesla announced that it sold 75% of its total Bitcoin holdings, valued at around $936 million. After selling this Bitcoin, Tesla revealed that it still held $222 million worth of cryptocurrencies within its balance sheet at the end of June. While commenting on Tesla’s Q2 investor call, the company’s CEO, Elon Musk, said that the company had sold Bitcoin to obtain cash as the company was affected...